The Cooper Companies (COO) reported earnings 30 days ago. What's next for the stock?
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Cooper Companies (COO) is re-rated from Sell to Hold after a 31% price decline, reflecting a more interesting risk/reward profile but ongoing growth concerns. COO's revenue growth remains weak, with core CooperVision revenues flat and management attributing this to distribution channel destocking, raising questions about underlying demand. Gross margin expansion to 67% is largely driven by inventory write-offs, making COO's margin improvement less robust than Alcon's operational gains.
| Electronic Equipment, Instruments & Components Industry | Information Technology Sector | Albert G. White CEO | XFRA Exchange | US2166485019 ISIN |
| US Country | 15,000 Employees | 11 Aug 2023 Last Dividend | 20 Feb 2024 Last Split | - IPO Date |
The Cooper Companies, Inc., established in 1958 and headquartered in San Ramon, California, is a global entity that specializes in the development, manufacture, and marketing of contact lenses through its subsidiaries. The operations of the company are segmented into CooperVision and CooperSurgical. CooperVision focuses on providing a variety of contact lenses including those for correcting nearsightedness, farsightedness, astigmatism, presbyopia, and myopia across various regions such as the Americas, Europe, Middle East, Africa, and Asia Pacific. On the other hand, CooperSurgical addresses family and women's health, offering a wide range of fertility products and services, medical devices, contraception, and cryostorage services for cord blood and tissue to healthcare professionals and patients globally. The products offered by The Cooper Companies, Inc. reach their end-users through distributors, group purchasing organizations, eye care and health care professionals, including independent practices, corporate retailers, hospitals, clinics, and authorized resellers.
CooperVision:
CooperSurgical: